Carnival boosts its forecasts

(Boursier.com) — carnival , the American cruise giant, lost ground at the start of the session on Wall Street. However, the group has just raised its annual profit forecasts, counting on record demand and higher prices. It must be said that the group is currently experiencing a historic level of orders. Josh Weinstein, the group’s chief executive, reflects on a fantastic start to the year. First quarter revenues climbed to $5.41 billion, more or less in line with consensus and an all-time high, while orders for the rest of the year remain record with customer deposits at $7 billion. dollars. The operator expects adjusted earnings per share of 98 cents for 2024, compared to previous guidance of 93 cents and a consensus of $1. For the closed quarter, cash flow from operations was $1.8 billion, while operating profit was $276 million. The quarterly adjusted net loss was $180 million, or 14 cents per share.